ELMD vs. BSX
ELMD (Electromed, Inc.) and BSX (Boston Scientific Corporation) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 10 years, ELMD returned 23.08%/yr vs 7.66%/yr for BSX. At a 0.12 correlation, their price movements are largely independent.
Performance
ELMD vs. BSX - Performance Comparison
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Returns By Period
In the year-to-date period, ELMD achieves a 22.42% return, which is significantly higher than BSX's -49.98% return. Over the past 10 years, ELMD has outperformed BSX with an annualized return of 23.08%, while BSX has yielded a comparatively lower 7.66% annualized return.
ELMD
- 1D
- -2.54%
- 1M
- 39.48%
- YTD
- 22.42%
- 6M
- 27.55%
- 1Y
- 74.07%
- 3Y*
- 44.52%
- 5Y*
- 26.65%
- 10Y*
- 23.08%
BSX
- 1D
- 0.02%
- 1M
- -16.11%
- YTD
- -49.98%
- 6M
- -51.62%
- 1Y
- -53.74%
- 3Y*
- -2.73%
- 5Y*
- 2.56%
- 10Y*
- 7.66%
ELMD vs. BSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELMD Electromed, Inc. | 22.42% | -1.46% | 170.85% | 4.00% | -19.31% | 32.52% | 13.41% | 69.94% | -16.14% | 56.44% |
BSX Boston Scientific Corporation | -49.98% | 6.75% | 54.51% | 24.94% | 8.92% | 18.16% | -20.50% | 27.96% | 42.56% | 14.61% |
Correlation
The correlation between ELMD and BSX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2010 | 0.12 |
Over the past year, ELMD and BSX have become more correlated (0.34) than their long-term average of 0.12, meaning their price movements have been converging.
Fundamentals
ELMD:
$308.29M
BSX:
$71.30B
ELMD:
$1.16
BSX:
$2.38
ELMD:
30.64
BSX:
20.07
ELMD:
0.84
BSX:
0.45
ELMD:
4.31
BSX:
3.46
ELMD:
6.27
BSX:
2.76
ELMD:
$71.75M
BSX:
$20.62B
ELMD:
$56.28M
BSX:
$14.52B
ELMD:
$14.10M
BSX:
$4.76B
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Return for Risk
ELMD vs. BSX — Risk / Return Rank
ELMD
BSX
ELMD vs. BSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Electromed, Inc. (ELMD) and Boston Scientific Corporation (BSX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ELMD | BSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | -1.56 | +2.97 |
Sortino ratioReturn per unit of downside risk | 2.27 | -2.37 | +4.64 |
Omega ratioGain probability vs. loss probability | 1.29 | 0.65 | +0.64 |
Calmar ratioReturn relative to maximum drawdown | 3.20 | -0.96 | +4.16 |
Martin ratioReturn relative to average drawdown | 6.48 | -2.19 | +8.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ELMD | BSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | -1.56 | +2.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.10 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.28 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.19 | +0.02 |
Drawdowns
ELMD vs. BSX - Drawdown Comparison
The maximum ELMD drawdown since its inception was -78.65%, smaller than the maximum BSX drawdown of -89.15%. Use the drawdown chart below to compare losses from any high point for ELMD and BSX.
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Drawdown Indicators
| ELMD | BSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.65% | -89.15% | +10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -23.27% | -55.91% | +32.64% |
Max Drawdown (3Y)Largest decline over 3 years | -48.86% | -55.91% | +7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -48.86% | -55.91% | +7.05% |
Max Drawdown (10Y)Largest decline over 10 years | -55.84% | -55.91% | +0.07% |
Current DrawdownCurrent decline from peak | -9.26% | -55.90% | +46.64% |
Average DrawdownAverage peak-to-trough decline | -33.81% | -38.75% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.47% | 24.56% | -13.09% |
Volatility
ELMD vs. BSX - Volatility Comparison
Electromed, Inc. (ELMD) has a higher volatility of 26.12% compared to Boston Scientific Corporation (BSX) at 16.20%. This indicates that ELMD's price experiences larger fluctuations and is considered to be riskier than BSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELMD | BSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.12% | 16.20% | +9.92% |
Volatility (6M)Calculated over the trailing 6-month period | 37.30% | 32.82% | +4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.78% | 34.63% | +18.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.31% | 25.66% | +20.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.01% | 27.29% | +25.72% |
Dividends
ELMD vs. BSX - Dividend Comparison
Neither ELMD nor BSX has paid dividends to shareholders.
Financials
ELMD vs. BSX - Financials Comparison
This section allows you to compare key financial metrics between Electromed, Inc. and Boston Scientific Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ELMD vs. BSX - Profitability Comparison
ELMD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Electromed, Inc. reported a gross profit of 14.64M and revenue of 18.58M. Therefore, the gross margin over that period was 78.8%.
BSX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Boston Scientific Corporation reported a gross profit of 3.61B and revenue of 5.20B. Therefore, the gross margin over that period was 69.4%.
ELMD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Electromed, Inc. reported an operating income of 3.77M and revenue of 18.58M, resulting in an operating margin of 20.3%.
BSX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Boston Scientific Corporation reported an operating income of 1.07B and revenue of 5.20B, resulting in an operating margin of 20.6%.
ELMD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Electromed, Inc. reported a net income of 3.00M and revenue of 18.58M, resulting in a net margin of 16.2%.
BSX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Boston Scientific Corporation reported a net income of 1.34B and revenue of 5.20B, resulting in a net margin of 25.7%.
Frequently Asked Questions
ELMD and BSX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELMD has higher volatility (26.12%) compared to BSX (16.20%). In terms of maximum drawdown, ELMD dropped -78.65% vs BSX's -89.15%.
ELMD currently has the higher Sharpe Ratio (1.41 vs -1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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